| dc.description.abstract | Global warming is becoming the biggest challenge of this century; therefore, it is important to focus on sustainable sources of energy over fossil fuels to reduce the CO2 emissions. The results presented in this poster are originated from a project contains research on solar energy including photovoltaic, thermal systems, storage batteries and its market challenges along with the simulation of a solar community across the University of Salford in a D3A platform. Yet, the main challenges associated with the solar energy from the literature are the high initial costs, energy storage problems and the security issues. So, this project aims to contribute to address the cost and storage issues of the solar power production through Blockchain application for electricity trades in a peer-to-peer (P2P) manner. The importance of this method is that those without solar energy sources are still able to buy electricity from their neighbours at affordable prices. Furthermore, the system has considered the self-sufficiency and self-consumption, with less reliance on the main grid. Results show that the system can work effectively for the case study. The most bought energy from the market maker is for Accommodation since it has the highest load of the consumption. University House sells the highest amount of energy (after market maker), hence, it has the highest revenue. Since the simulated system does not require a centralised management system, electricity transmission cost is avoided. Also, the safety element is added into the trade since Blockchain offers a secure and transparent solution as transactions are public and tamper proof. | |
